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Adam, Ben and Carla form a partnership and agree to share their profits based on salaries plus 10% interest on their capital investments with any
Adam, Ben and Carla form a partnership and agree to share their profits based on "salaries" plus 10% interest on their capital investments with any remainder divided equally. At the beginning if the year, their capital investments are $100,000, $50,000 and $150,000 respectively. Adam has agreed to manage the partnerhsip in return for a $40,000 "salary". If the partnership earns $100,000, in its first year, how profit will be allocated to Adam?
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